APG Asset Management N.V. Grows Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

APG Asset Management N.V. lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 16.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,555 shares of the software maker’s stock after buying an additional 5,378 shares during the quarter. APG Asset Management N.V. owned approximately 0.07% of Paycom Software worth $5,146,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PAYC. Ashton Thomas Private Wealth LLC purchased a new position in shares of Paycom Software during the 2nd quarter valued at $25,000. Mather Group LLC. purchased a new position in shares of Paycom Software during the 1st quarter valued at $26,000. MFA Wealth Advisors LLC purchased a new position in shares of Paycom Software during the 2nd quarter valued at $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Paycom Software during the 2nd quarter valued at $27,000. Finally, Palisade Asset Management LLC purchased a new stake in Paycom Software in the 1st quarter worth $32,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 0.2 %

Shares of NYSE:PAYC opened at $167.80 on Monday. The company has a market capitalization of $9.64 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.46 and a beta of 1.17. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $279.96. The firm’s 50-day moving average is $163.26 and its 200 day moving average is $167.82.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 EPS for the quarter, beating the consensus estimate of $1.13 by $0.07. The company had revenue of $437.51 million for the quarter, compared to the consensus estimate of $436.19 million. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. As a group, equities analysts forecast that Paycom Software, Inc. will post 6.67 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.50 dividend on an annualized basis and a yield of 0.89%. Paycom Software’s dividend payout ratio is currently 18.27%.

Insiders Place Their Bets

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $140.20, for a total value of $273,390.00. Following the transaction, the chief executive officer now directly owns 3,023,708 shares in the company, valued at approximately $423,923,861.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Bradley Scott Smith sold 1,524 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $157.62, for a total transaction of $240,212.88. Following the transaction, the insider now directly owns 14,769 shares in the company, valued at $2,327,889.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $140.20, for a total transaction of $273,390.00. Following the transaction, the chief executive officer now owns 3,023,708 shares in the company, valued at $423,923,861.60. The disclosure for this sale can be found here. Insiders have sold 71,906 shares of company stock worth $11,419,364 in the last three months. Corporate insiders own 14.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on PAYC. Citigroup decreased their price target on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 18th. StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. TD Cowen boosted their price target on shares of Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Jefferies Financial Group decreased their price target on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research note on Monday, June 24th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Seventeen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $179.75.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.